पोस्ट ऑफिस की पोंमगन योजना में हुआ 2025 का सबसे बड़ा बदलाव, जानें 3 मुख्य लाभ!

Ponmagan Scheme in Post Office, In 2015, the Tamil Nadu government launched a social welfare program called the Post Office Ponmagan Podhuvaippu Nidhi Scheme. Ponmagan translates to Golden Child. The government launched this initiative to assist boys who were having financial difficulties.

What is Ponmagan Podhuvaippu Nidhi Scheme?

To encourage inclusive education and guarantee that all students receive an education, despite financial limitations, the Ponmagan Podhuvaippu Nidhi Scheme is essential. This savings initiative encourages parents or guardians of economically disadvantaged communities in Tamil Nadu state to save aside funds for their boys’ education. The Department of Posts is in charge of this initiative. To register an account under the Ponmagan Podhuvaippu Nidhi Scheme (PPNS), a minimum of Rs. 100 is needed. Under the Ponmagan Scheme, the parents or guardians are required to make an annual deposit of at least Rs. 500. The PPNS account has an annual limit of Rs. 1.5 lakh.

The PPNS account may be transferred across post office locations in India. The parents or guardians can open a PPNS account with cash or a cheque. For this account, the nomination function is accessible.

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Helpful Summary of Ponmagan Podhuvaippu Nidhi Scheme

Name of the scheme	Ponmagan Podhuvaippu Nidhi Scheme
Launched by	Tamil Nadu state government
Objective	Provide saving account
Beneficiaries	Tamil Nadu state citizens
Official website

The objective of the Ponmagan Scheme in Post Office

• The Ponmagan Scheme’s primary goal is to provide education to all of the nation’s kids.
• Parents can support their boy child’s education under the program.
• Additionally, the postal service will pay interest on the deposit of up to 9.7% annually.
• This program will encourage parents to save money for their kids’ education.
• At the end of the plan, students won’t need help from anyone to complete their education.

Ponmagan Scheme in Post Office Interest Rate

The Tamil Nadu government routinely sets the interest rate for the Ponmagan Scheme. The Ponmagan Scheme’s interest rate is currently 9.7% p.a. Every year, the interest is compounded.

Ponmagan Scheme eligibility criteria

To create a PPNS account under the Ponmagan Scheme, you must meet the following eligibility requirements:

• It must be a male child from Tamil Nadu.
• Attending a Tamil Nadu government-run or government-approved school or college
• Ought to fall under the category of the Economically Weaker Section (EWS).
• Should not be eligible for additional government funding for schooling.
• Only one male child may open a family’s PPNS account.
• A boy child’s name ought to appear on the PPNS account when he turns 10.
• When a boy kid is younger than ten, parents or guardians can register a PPNS account.

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Required Documents

• Identity Proof
• Address Proof
• Education Certificates
• Bank Account Details
• Income Proof.

Contribution Amount

• Minimum Amount to Open the Account: INR 100
• Minimum Annual Deposits: INR 500
• Maximum Annual Amount: INR 5 lakh

Maturity Period

• The Ponmagan Podhuvaippu Nidhi Scheme (PPNS) 2024 has a 15-year maturity term.

How to open the Ponmagan Scheme online?

• Step 1: Get the Ponmagan Podhuvaippu Nidhi Scheme application form by going to the closest post office branch.
• Step 2: Complete the form and provide all necessary supporting documentation.
• Step 3: Give the post office personnel the completed application, the necessary paperwork, and the deposit money.
• Step 4: After confirming the application and supporting documentation, the officials will open the PPNS account.

Ponmagan Scheme in post office documents required

• Application form for the Ponmagan Scheme
• Picture of the male child in passport size
• Proof of parental or guardian income
• The boy child’s school certificate for the current school year
• Details of the boy child’s bank account
• Proof of residency (Voter ID, Aadhaar card, or ration card)

What is the maturity period for Ponmagan Podhuvaippu Nidhi?

The Ponmagan Podhuvaippu Nidhi Scheme has a 15-year maturity period. Five years can be added to it in just one year after it matures. It is not permitted to close the scheme before it is mature. However, partial withdrawals are permitted starting in the seventh fiscal year after the PPNS account is opened.

Ponmagan Scheme benefits

• People may simply access it at the specified post offices in Puducherry and Tamil Nadu.
• People may afford the PPNS account since the minimal investment or deposit amount is Rs. 100.
• It provides a set interest rate, which is typically greater than what other modest savings plans provide.
• Section 80C of the Income Tax Act allows investors to claim tax advantages for their PPNS account investments.
• Because the government supports the program, it is a secure investment choice for those in lower socioeconomic groups.
• The set interest rate helps to finance the boy child’s future schooling costs by guaranteeing payment at maturity.

Ponmagan Scheme tax exemption

Under Section 80C of the Income Tax Act of 1961, investments up to Rs. 1.5 lakh are free from taxes under the Ponmagan Podhuvaippu Nidhi Scheme. Furthermore, interest paid on the PPNS account is tax-free. In Tamil Nadu, the Ponmagan Scheme has effectively given thousands of boys financial aid so they can continue their education without worrying about their financial obligations.

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Faq’s

Q. The Ponmagan Podhuvaippu Nidhi Scheme (PPNS) was introduced in which state?

Ans: The Ponmagan Podhuvaippu Nidhi Scheme (PPNS) was introduced by the state government of Tamil Nadu.

Q. Who is qualified to receive benefits under the Scheme (PPNS)?

Ans: Ponmagan Podhuvaippu Nidhi Scheme (PPNS) benefits are available to all male permanent residents of Tamil Nadu state.

Q. What is the Ponmagan Podhuvaippu Nidhi Scheme (PPNS) maximum amount that may be submitted?

Ans: Under the PPNS, the applicant may contribute up to INR 5 lakh.

Q. What is the Ponmagan Podhuvaippu Nidhi Scheme (PPNS) interest rate?

Ans: The Ponmagan Podhuvaippu Nidhi Scheme (PPNS) offers an annual interest rate of 9.70%.

Q. What rate of interest will be offered under this plan?

Ans: The interest rate for applicants will be 9.7% annually.

Q. Where may recipients get in touch if they are having any difficulties?

Ans: Beneficiaries can call the hotline number if they are experiencing any difficulties. Additionally, complaints can be filed online.

Q. Does this plan have an upper age restriction for its benefits?

Ans: Yes, there is a cap on how much this plan may offer. The applicant’s age shouldn’t exceed ten years.

@PAY